by Ruth Clark | Feb 27, 2023 | Tax, VAT
New system: The new VAT penalty system will apply to VAT periods starting on or after 1 January 2023 and will deal with late returns and late payments separately. Both legs of the system will reflect taxpayer behavior, and seek to punish persistent offenders rather... 
by Ruth Clark | Feb 22, 2023 | Tax
The taxman has been busy this month – no surprise given it is the time when self-assessment returns need to be filed. But anyone who misses the deadline of January 31 faces a new set of interest rates for penalties that were only published on December 20 last year.... 
by Ruth Clark | Feb 20, 2023 | Tax
UK Enacts Significant Changes to Research & Development Tax Regime Significant changes to the UK’s Research & Development (R&D) tax relief regime are being introduced with effect from 1 April 2023. Changes to R&D tax relief rates Relief is available... 
by Ruth Clark | Feb 15, 2023 | Tax
It is a fact of life that when we lose a loved one, the loss and grief is not all we have to deal with, even though that would be enough. Sadly, there is also a lot of administration that needs to be done by those left behind. This can be anything from registering the... 
by Ruth Clark | Feb 13, 2023 | Business, Tax
What directors can do before the end of the tax year to reduce the tax bill on dividends withdrawn and warns of a timing trap? It has taken a long time; but from 6 April 2023, the rate of tax on dividends will increase such that there is now near parity between taking...